SpaceX’s Nasdaq 100 inclusion comes with a historical warning
The largest IPO ever enters the Nasdaq 100. Previous additions like Palantir and Strategy saw volatility after the index inclusion rather than the start of new rallies.
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Summary
- SpaceX joins the Nasdaq 100 on July 7 after a blockbuster IPO that surged 50% on debut, but shares have already fallen 28% from their all time high.
- Previous high profile Nasdaq 100 additions, including Palantir and Strategy, peaked around or before their inclusion dates, suggesting index membership is not always a bullish catalyst.
